Key Points
- Director Anthea Ingrid Bath sold 66,961 Wesdome Gold Mines shares at an average of C$31.15, generating approximately C$2.09 million. The sale reduced her direct ownership by 33.98% to 130,128 shares.
- Wesdome reported quarterly EPS of C$0.65 and revenue of C$266.76 million, with a net margin of 38.46% and return on equity of 43.77%.
- Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a C$33.00 average target price; several firms recently raised their targets to C$40.00.
Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) Director Anthea Ingrid Bath sold 66,961 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the completion of the sale, the director directly owned 130,128 shares in the company, valued at approximately C$4,053,487.20. The trade was a 33.98% decrease in their ownership of the stock.
Anthea Ingrid Bath also recently made the following trade(s):
- On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.63, for a total value of C$180,168.45.
Wesdome Gold Mines Stock Performance
Shares of WDO stock opened at C$33.46 on Thursday. The company's fifty day moving average price is C$27.32 and its 200-day moving average price is C$26.15. The stock has a market cap of C$4.80 billion, a PE ratio of 12.08 and a beta of 1.33. The company has a current ratio of 6.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.73. Wesdome Gold Mines Ltd. has a 12 month low of C$15.99 and a 12 month high of C$35.35.
Wesdome Gold Mines (TSE:WDO - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. The company had revenue of C$266.76 million during the quarter. On average, equities analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on WDO. BMO Capital Markets cut Wesdome Gold Mines from an "outperform" rating to a "market perform" rating and increased their target price for the stock from C$30.00 to C$34.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce raised shares of Wesdome Gold Mines from a "neutral" rating to an "outperformer" rating and increased their price objective for the company from C$31.00 to C$32.00 in a research report on Friday, July 17th. Desjardins raised their target price on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the stock a "buy" rating in a research report on Wednesday. National Bank Financial lifted their price objective on shares of Wesdome Gold Mines from C$34.50 to C$40.00 in a research report on Wednesday. Finally, Canaccord Genuity Group raised shares of Wesdome Gold Mines from a "hold" rating to a "buy" rating and increased their price target for the company from C$30.00 to C$31.00 in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$33.00.
Check Out Our Latest Stock Analysis on WDO
Wesdome Gold Mines Company Profile
(
Get Free Report)
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec. The Company's primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.
Further Reading
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